According to data from the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) was reported at 3.65% on the previous trading day (March 13), unchanged from 3.65% the day before.
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The interim leader of Venezuela says the impact of increased oil production will become apparent next year.
Venezuela's interim leader, Rodríguez, stated that the gradual increase in crude oil production will have a positive impact next year. As one of the countries with the largest oil reserves in the world, Venezuela’s oil industry has long been a cornerstone of its economy. The plans for increased production have attracted significant attention from the international energy market. The effects of this capacity growth are expected to be gradually realized in 2025, likely boosting the country's economy and influencing the international energy supply landscape.
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